{"id":830807,"date":"2025-03-27T16:09:17","date_gmt":"2025-03-27T20:09:17","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/tpi-composites-publishes-annual-sustainability-report-showcasing-its-commitments-to-sustainable-operations\/"},"modified":"2025-03-27T16:09:17","modified_gmt":"2025-03-27T20:09:17","slug":"tpi-composites-publishes-annual-sustainability-report-showcasing-its-commitments-to-sustainable-operations","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/tpi-composites-publishes-annual-sustainability-report-showcasing-its-commitments-to-sustainable-operations\/","title":{"rendered":"TPI Composites Publishes Annual Sustainability Report Showcasing Its Commitments to Sustainable Operations"},"content":{"rendered":"<div class=\"mw_release\">\n<p>SCOTTSDALE, Ariz., March  27, 2025  (GLOBE NEWSWIRE) &#8212; TPI Composites, Inc.\u00a0(Nasdaq: TPIC), today published its 2024 sustainability report highlighting its progress on organizational and global impacts related to sustainability.<\/p>\n<p>Bill Siwek, President, and CEO noted, \u201cWe remain committed to helping the world increase renewable energy production. As we advance our goals and strategy to prepare for the expected growth of wind energy, we will continue to be a steadfast industry leader, focused on creating a more sustainable and resilient future for generations to come.\u201d<\/p>\n<p>Highlights of the report include:<\/p>\n<ul type=\"disc\">\n<li style=\"margin-bottom:8pt\">\n          <strong>Safety:<\/strong>\u00a0Continued to enable a culture of safety and remain best in class with incident rates well below industry standards. Results exceeded our safety goals, achieving a Total Recordable Incident Rate (TRIR) of 0.13 and Lost Time Incident Rate (LTIR) of 0.05.<\/li>\n<li style=\"margin-bottom:8pt\">\n          <strong>Quality: <\/strong>Further integrated Quality as a core pillar of our organization through the Quality First and LEAN programs. Introduced BladeAssure\u2122: the Gold Standard process for quality wind blades.<\/li>\n<li style=\"margin-bottom:8pt\">\n          <strong>Associates:\u00a0<\/strong>Continued to pursue a culture of engagement through the Global Values in Motion Awards and global engagement surveys. Achieved our goal of sustaining or increasing the annual engagement and inclusion survey score.<\/li>\n<li style=\"margin-bottom:8pt\">\n          <strong>Waste:<\/strong>\u00a0Achieved the 5% waste reduction production rate focused on optimizing production material usage.<\/li>\n<li style=\"margin-bottom:8pt\">\n          <strong>Carbon Neutrality:<\/strong>\u00a0Secured a power purchase agreement (PPA) in\u00a0Mexico to power 100% of our sites in the region with renewable energy. Continued to source renewable energy for our India site from a PPA and for one of our T\u00fcrkiye sites from on-site solar panels.<\/li>\n<li style=\"margin-bottom:8pt\">\n          <strong>Supply Chain:<\/strong>\u00a0Enhanced collaboration with suppliers by securing commitments from 94% of critical direct material suppliers to align with TPI&#8217;s sustainability goals.<\/li>\n<\/ul>\n<p>The report can be found in the Sustainability section of\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Zxn7SjVwASDBQNOn2uYgNE2YmSMuOAByPIWPekly_xznqasaenSwpDdUx_Q7cgGzfjzrFnldEA5mXsYIlUsyWt7atViSgstpErXLIH-xLpEzgEUhGXeilxSfKHkHl4dsKXU0SRYimBw-HCeSLAq9NB04Xu9ifVjgaXFqLPzB1-Hb9m2_netPyKmPExaxVccWo6m_3ZEYnLJCSJl1PXIaM-Pb7hGTzh7tE1MH5Yit4HpCMVO6Ya1fkIW_ntTLucOdavMon1ankrz2aStTZ8dG1S0QbnzflmfHW5jZRV6NeDN4B_QyHVmFZHTxEiD6iQpuULot0A7i6kRHJu1rQRxc90NFQZQnRwbFxqFF6zYEJDDAxhuVsU7RNj92vic7SZ9dCmMv8dYSOkEgQZwH0urWjkmc6nfDvNQwGJBiCsbumnkpwGKIGbiRfOuYwQjbo6QG0D5PPd0nvVjpeDbThaT6Gep_M9BqkvqK8XORr6OmoabeFp0M5-yHgMyHD_suQAzipZm8SmjU4MQKomz74UKA3w==\" rel=\"nofollow\" target=\"_blank\">TPI\u2019s website<\/a>.<\/p>\n<p>\n        <strong>About\u00a0TPI Composites, Inc.<\/strong>\u00a0<br \/>TPI Composites, Inc.\u00a0is a global company focused on innovative and sustainable solutions to decarbonize and electrify the world. TPI delivers high-quality, cost-effective composite solutions through long-term relationships with leading OEMs in the wind market. TPI is headquartered in\u00a0Scottsdale, Arizona\u00a0and operates factories in the\u00a0U.S.,\u00a0Mexico, T\u00fcrkiye, and\u00a0India. TPI operates additional engineering development centers in\u00a0Denmark\u00a0and\u00a0Germany\u00a0and global service training centers in the\u00a0U.S., France, United Kingdom,\u00a0and\u00a0Spain.<\/p>\n<p>\n        <strong>TPI Investor Relations\u00a0<\/strong><br \/>\n        <br \/>\n        <strong>480-315-8742\u00a0<\/strong><br \/>\n        <br \/>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=d4haiiJN9pA7ceWIoYXusuQByP2WKaM4twY11ZWj-uTHAK7MHp-XNacorFl9ej8L9X_IYPcBJxQKiVxpjxh011Pde5Alsszs3_KCjftSKy7kkJS1Ay9DszxUy45eYvBH6_93gOPVOU5_mSzW0AyU29JPJcc3RkWgnO7ttAaugeJ7_ClMP4A0gWWzaAFL-j0gIf1mvHW7Twx_K_8fbxoyE7xhNdJv2wVXqfZrUq4wHiOVQDQl1OvwBZ5ETH1Nj1gEYCxbxbcyxvaZQR2PRiubo-r4mA_nIC70ts_6sbo1t4F1tItOkBMiJz-dTY3ivcrT\" rel=\"nofollow\" target=\"_blank\"><br \/>\n          <strong>investors@tpicomposites.com<\/strong><br \/>\n        <\/a><br \/>\n        <strong>\u00a0<\/strong>\n      <\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTQxMjI1MyM2ODMzOTgzIzIwMTg3MDY=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/YWQ0ZGE4MDctOWZmYS00YmQ4LWI3N2MtYjdmNzcyMGUxMzgzLTEwMzAyNzktMjAyNS0wMy0yNy1lbg==\/tiny\/TPI-Composites-Inc-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>SCOTTSDALE, Ariz., March 27, 2025 (GLOBE NEWSWIRE) &#8212; TPI Composites, Inc.\u00a0(Nasdaq: TPIC), today published its 2024 sustainability report highlighting its progress on organizational and global impacts related to sustainability. Bill Siwek, President, and CEO noted, \u201cWe remain committed to helping the world increase renewable energy production. As we advance our goals and strategy to prepare for the expected growth of wind energy, we will continue to be a steadfast industry leader, focused on creating a more sustainable and resilient future for generations to come.\u201d Highlights of the report include: Safety:\u00a0Continued to enable a culture of safety and remain best in class with incident rates well below industry standards. Results exceeded our safety goals, achieving a Total Recordable Incident Rate (TRIR) &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/tpi-composites-publishes-annual-sustainability-report-showcasing-its-commitments-to-sustainable-operations\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;TPI Composites Publishes Annual Sustainability Report Showcasing Its Commitments to Sustainable Operations&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-830807","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>TPI Composites Publishes Annual Sustainability Report Showcasing Its Commitments to Sustainable Operations - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/tpi-composites-publishes-annual-sustainability-report-showcasing-its-commitments-to-sustainable-operations\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TPI Composites Publishes Annual Sustainability Report Showcasing Its Commitments to Sustainable Operations - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"SCOTTSDALE, Ariz., March 27, 2025 (GLOBE NEWSWIRE) &#8212; TPI Composites, Inc.\u00a0(Nasdaq: TPIC), today published its 2024 sustainability report highlighting its progress on organizational and global impacts related to sustainability. Bill Siwek, President, and CEO noted, \u201cWe remain committed to helping the world increase renewable energy production. As we advance our goals and strategy to prepare for the expected growth of wind energy, we will continue to be a steadfast industry leader, focused on creating a more sustainable and resilient future for generations to come.\u201d Highlights of the report include: Safety:\u00a0Continued to enable a culture of safety and remain best in class with incident rates well below industry standards. 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Bill Siwek, President, and CEO noted, \u201cWe remain committed to helping the world increase renewable energy production. As we advance our goals and strategy to prepare for the expected growth of wind energy, we will continue to be a steadfast industry leader, focused on creating a more sustainable and resilient future for generations to come.\u201d Highlights of the report include: Safety:\u00a0Continued to enable a culture of safety and remain best in class with incident rates well below industry standards. 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